Page 1899 - Economy & Policy News

Fuel sales tax hike double whammy for struggling road transporters

The only reprieve for transporters in the near to medium term is a bumper rabi crop, the harvesting of which has begun.

Economic impact of Coronavirus: Bad in Jan-March, worse in April-June

GDP growth for the current quarter estimated at 4.3%, is seen dropping to sub-4% levels in the coming three-month period

Insolvency law a 'Swachhata drive' against non-performing asset: IBBI chief

The Code provides for a time-bound and market-linked resolution of stressed assets. If the resolution does not happen, the company concerned goes into liquidation.

China central bank official calls for stepped-up global policy coordination

China, where the coronavirus outbreak originated late last year in the central city of Wuhan, is widely expected to see its economy contract in the first quarter.

Centre nod to incentive scheme of Rs 40,995 cr for electronics firms

Decision to help electronics manufacturers make India a global hub; Apple, Samsung may gain

Coronavirus: Railways sounds alarm, advises against non-essential travel

The cancellation of trains came after Prime Minister Narendra Modi's call for 'Janata Curfew' on that day

CII writes to PM Modi, seeks fiscal stimulus package of Rs 2 trillion

Suggests setting aside 1% of GDP for cash transfer scheme for poor and elderly

Centre releases grants worth Rs 5,140 cr for local bodies of 6 states

Tamil Nadu will be the biggest beneficiary as its urban local bodies will get Rs 987.85 crore

Govt approves Rs 13K-crore package to boost bulk drugs manufacture

Industry feels India first needs to tap existing capacity before setting up new drugs parks

Union Cabinet approves extradition treaty between India and Belgium

An extraditable offence means an offence punishable under the laws of both the countries with imprisonment for a period of one year or more

Directorate General of Shipping lays down rules to combat coronavirus

Vessels using only Indian ports need not follow all the instructions mentioned in the order, but need to carry out a due diligence process

Cabinet nod to production-related incentives for electronics manufacturers

Incentives will be linked to incremental sales and capital investment of the companies

Govt caps maximum retail price of 200ml hand sanitiser at Rs 100 till June

Similarly, price of a 2 ply (surgical) mask has been capped at Rs 8 and that of 3 ply (surgical) mask at Rs 10 till June 30, Consumer Affairs Minister Ram Vilas Paswan said in a statement

PSBs stare at tough quarter over coronavirus and higher provisioning

Slimmer chances of recovering Rs 20,000 cr from Bhushan Steel resolution in the near future add to lender's woes

Covid-19: Railways relaxes refund rules for travel from Mar 21 to April 15

Refund across counter can be taken on submission of ticket up to 45 days from the date of journey instead of the present 3 hours

Coronavirus outbreak: FM Nirmala Sitharaman takes stock of situation

In four meetings, Sitharaman met Civil Aviation Minister Hardeep Puri, Animal Husbandry Minister Giriraj Singh, and Tourism Minister Prahlad Patel

RBI's coronavirus contingency plan: Keep it going from a secret location

A crack team of 150 overseeing critical operations from a hotel

Winner takes all: Big fish swallow the small ones amid demand slowdown

There has been a steady rise in market concentration in several sectors across manufacturing

Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA

IBA's managing committee met on Friday and decided to put up five set of demands to the central government and RBI to help the financial sector and retail and corporate borrowers alike

PM Modi thanks Bhutan, Nepal for contributing to Covid-19 emergency fund

Modi took to Twitter to thank leaders of the two countries for their contribution